{"id":347871,"date":"2024-12-03T06:29:11","date_gmt":"2024-12-03T05:29:11","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=347871"},"modified":"2024-12-03T06:29:11","modified_gmt":"2024-12-03T05:29:11","slug":"experts-urge-nddc-to-use-technology-for-better-revenue-generation","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/12\/03\/experts-urge-nddc-to-use-technology-for-better-revenue-generation\/","title":{"rendered":"Experts Urge NDDC to Use Technology for Better Revenue Generation"},"content":{"rendered":"<ul class=\"marker:text-textOff list-disc pl-8\">\n<li><strong>NDDC urged to leverage technology to enhance revenue generation, ensuring compliance with funding regulations and securing financial resources effectively<\/strong><\/li>\n<li><strong>Experts highlight that adopting modern tech can significantly improve NDDC&#8217;s operational efficiency and support its developmental goals in the Niger Delta<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>The Niger Delta Development Commission (NDDC) has been advised to adopt technology to boost its revenue generation efforts. Experts believe leveraging tech can help the commission enforce compliance with funding regulations and secure needed financial resources.<\/p>\n<p>Under the 2017 NDDC Establishment Act, the commission is funded through contributions from various sources. These include 15% of the federal government\u2019s allocation, 3% from the annual budgets of oil-producing companies operating in the Niger Delta, and 50% from ecological funds and grants. However, concerns remain over non-compliance by some oil companies.<\/p>\n<p>At a three-day retreat organized by NDDC\u2019s Directorate of Legal Services, keynote speaker Malachy Ugwummadu emphasized that technology could be a game-changer.<\/p>\n<p>He noted that many oil companies fail to fulfil the commission&#8217;s 3% annual budget payment obligation.<\/p>\n<p>\u201cThere\u2019s little progress you can achieve if you rely on outdated methods in a fast-evolving tech-driven era,\u201d Ugwummadu said. \u201cOil and gas companies must contribute 3% of their annual budgets, but how many comply?<\/p>\n<p>The commission must have the capacity to enforce this. With proper enforcement, funding the commission&#8217;s objectives becomes easier.\u201d<\/p>\n<p>Meanwhile, Stephen Ighomuaye, Director of Legal Services at NDDC, reflected on the department\u2019s critical role in ensuring the commission\u2019s success and reaffirmed the department\u2019s commitment to enhancing its performance.<\/p>\n<p>Adopting technology could position the <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/09\/08\/why-you-must-inaugurate-nddc-board-without-delay-group-urges-buhari\/\">NDDC<\/a> to collect funds efficiently and better support its developmental goals in the Niger Delta.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NDDC urged to leverage technology to enhance revenue generation, ensuring compliance with funding regulations and securing financial resources effectively Experts highlight that adopting modern tech can significantly improve NDDC&#8217;s operational efficiency and support its developmental goals in the Niger Delta The Niger Delta Development Commission (NDDC) has been advised to adopt technology to boost its [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":279306,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[371,587,2238,957],"class_list":["post-347871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-fg","tag-nddc","tag-niger-delta-development-commission","tag-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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